https://www.taxtmi.com/caselaws?id=428127 Termination of the shareholders agreements was treated as unpublished price sensitive information because disclosure could materially affect securities prices and market perception. However, insider trading liability also required an attempt to exploit that informational advantage; on the facts, the share sale was made before any favourable market impact could arise and was driven by pressing financial necessity linked to a restructuring package. It was therefore characterised as a distress sale rather than an abusive trade, so the insider trading prohibition was not attracted and the Tribunal's order was left undisturbed. en-us Mon, 19 Sep 2022 00:00:00 +0530 Sat, 24 Sep 2022 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428127 Termination of the shareholders agreements was treated as unpublished price sensitive information because disclosure could materially affect securities prices and market perception. However, insider trading liability also required an attempt to exploit that informational advantage; on the facts, the share sale was made before any favourable market impact could arise and was driven by pressing financial necessity linked to a restructuring package. It was therefore characterised as a distress sale rather than an abusive trade, so the insider trading prohibition was not attracted and the Tribunal's order was left undisturbed. Case-Laws SEBI Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428127